Hirose Denki KK

6806

Equity

ISIN JP3799000009 / Valor 761902

Tokyo Stock Exchange (2024-11-20)

JPY 17,715.00-1.45%

Hirose Denki KK
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About company

Hirose Denki KK, commonly known as Hirose Electric, is a Japanese company specializing in the manufacture and sale of electronic and electrical connectors. Established in 1937, the company has developed a broad range of products that cater to various industries, including automotive, telecommunications, industrial, and consumer electronics. Hirose Electric's product portfolio includes connectors for signal and power transmission, coaxial connectors, and circular connectors, among others. The company is known for its commitment to innovation and quality, providing solutions that meet the evolving needs of its global customer base. With a strong emphasis on research and development, Hirose Electric continues to expand its technological capabilities and product offerings to maintain its competitive edge in the market.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decline

Hirose Denki KK reported a revenue of JPY 125,162 million for the third quarter of the 77th term, which marks a 12.0% decrease compared to the same period in the previous fiscal year. This decline is attributed to sluggish sales in the industrial and consumer electronics sectors.

Operating Profit Drop

For the third quarter of the 77th term, Hirose Denki KK's operating profit decreased by 31.4% to JPY 27,231 million. The reduction in operating profit is primarily due to lower sales volumes and increased costs associated with new product development and market expansion efforts.

Quarterly Profit

Hirose Denki KK's quarterly profit attributable to owners of the parent for the third quarter of the 77th term was JPY 20,714 million, representing a 29.1% decrease from the same quarter in the previous fiscal year. This decline reflects the overall challenging market conditions and reduced demand in key segments.

Cash Flow from Operating Activities

In the third quarter of the 77th term, Hirose Denki KK reported cash flows from operating activities of JPY 28,518 million. This is a decrease compared to JPY 32,082 million in the same period of the previous fiscal year, mainly due to lower operating profits and changes in working capital.

Segment Performance

Hirose Denki KK's multi-pin connectors segment saw a 13.0% decrease in sales to JPY 111,900 million and a 34.7% drop in operating profit to JPY 23,995 million for the third quarter of the 77th term. The coaxial connectors segment experienced a slight sales decrease of 0.2% to JPY 9,017 million, but operating profit increased by 8.9% to JPY 2,590 million.

Summarized from source with an LLMView Source

Key figures

9.79%1Y

-11.2%3Y

28.6%5Y

Performance

29.9%1Y

26.6%3Y

28.1%5Y

Volatility